Asia-Pacific Retail Handbook - July 2008

ASIA-PACIFIC RETAILING – OVERVIEW
Report Introduction & Background
Report Structure
Currency Exchange Rates
Figure 1: Asia-Pacific currencies against the US$, 2002-07
Figure 2: Asia-Pacific currencies against the €, 2002-07
Summary
Variety within the region
FDI – domestic retailer’s loss = economy’s gain?
Every market is unique
Timing is everything
Figure 3: Asia-Pacific region: Market attractiveness, 2007
Population
Figure 4: Europe, USA & Asia-Pacific region: Population, 2007
Figure 5: Asia-Pacific region: Population by country, 2003-07
Figure 6: Asia-Pacific: Regional population by country, 2007
Figure 7: Asia-Pacific: Population growth rates, 2003-07
GDP
Figure 8: Asia-Pacific region: GDP by country, 2003-07
Figure 9: Asia-Pacific region: GDP by country, 2003-07
Figure 10: Asia-Pacific region: GDP growth in local currencies, 2003-07
Figure 11: Asia-Pacific region: GDP per capita, 2003-07
Figure 12: Asia-Pacific region: GDP per capita, 2003-07
Retail Sales
Figure 13: Europe, USA and Asia-Pacific: Estimated retail sales by region, 2007
Figure 14: Asia-Pacific region: Retail sales by country, 2007
Figure 15: Selected countries: Retail sales growth, 2003-07
Figure 16: Asia-Pacific region: Retail sales per capita, 2007
Leading retailers
Figure 17: Asia-Pacific region: Leading retailers, 2006/07 and 2007/08
AUSTRALIA
Key facts
 THE AUSTRALIAN RETAIL SCENE
Independent outlook
Rudd in, Howard out
In for a slowdown
Domestic focus
But keen to attract more international retailers
 AUSTRALIA IN FIGURES
Population
Figure 18: Australia: Population trends, 1999-2007
Figure 19: Australia: Population by major age group, 2006
Figure 20: Australia: Households & families, 2001
Economy
Figure 21: Australia: GDP, 2001-07
Figure 22: Australia: Consumer expenditure, 2001-07
Figure 23: Australia: Inflation, 2001-07
 THE AUSTRALIAN RETAIL MARKET
Figure 24: Australia: Retail sales, 2003-07
Figure 25: Australia: Retail enterprises and employment, June 2006
Figure 26: Australia: Identified leading retailers, 2005/06 and 2006/07
 RETAILER MINI-PROFILES
Woolworths
Supermarkets
General merchandise
Off-licences
Figure 27: Woolworths Australia: Financial data, 2003/04-2007/08
Figure 28: Woolworths Australia: Outlet data, 2002/03-2006/07
Coles Group (Wesfarmers)
Figure 29: Coles Group: Sales data: 2002/03-2006/07
Figure 30: Coles Group: Sales data breakdown by retail division: 2004/05-2006/07
Figure 31: Coles: Outlet data: 2004/05-2006/07
Wesfarmers’ plans for Coles
Harvey Norman
Figure 32: Harvey Norman: Sales data: 2002/03-2006/07
Figure 33: Harvey Norman: Outlet numbers, 2004/05-2006/07
Myer
Figure 34: Myer: Financial data, 2005/06 and 2006/07
David Jones
Figure 35: David Jones: Financial data, 2003/04-2007/08
Aldi Australia
7-Eleven Stores Pty.
Specialty Fashion Group (SFG) (formerly Millers Retail)
Figure 36: Specialty Fashion Group: Financial and outlet data, 2002/03-2006/07
Figure 37: Specialty Fashion Group: Store numbers by fascia, May 2008
Bakers Delight
Colorado Group Limited
Figure 38: Colorado Group: Financial data, 2002/03-2006/07
Figure 39: Colorado Group: Outlet data, 2004/05-06/07
Rebel Sport
Figure 40: Rebel Sport: Sales and outlet data, 2002/03-2006/07
IKEA
Fantastic Holdings
Figure 41: Fantastic Holdings: Sales and outlet data, 2002/03-2006/07
Freedom Group (Steinhoff Asia-Pacific)
CHINA
Key facts
 THE CHINESE RETAIL SCENE
Opening the locked door
Communism, but not as we know it
Respecting the rules
Foreign players emerging slowly
Domestic players remain strong
Modernisation of the retail landscape
 CHINA IN FIGURES
Population
Figure 42: China: Population trends, 1998-2007
Figure 43: China: Population by age group and gender, 2006
Economy
Figure 44: China: Gross domestic product, 1998-2007
Figure 45: China: Household consumer expenditure, 1997-2006
Figure 46: China: Breakdown of household consumer expenditure by category and place of residence, 2004-06
Figure 47: China: Inflation, 1998-2007
Figure 48: China: Breakdown of inflation by product category, 2007
 THE CHINESE RETAIL MARKET
Figure 49: China: Retail sales, 2001-07
Figure 50: China: Retail outlets and employees, 2005-06
Figure 51: China: Retail outlets by format, 2005-06
Figure 52: China: Retail data by region, 2006
Figure 53: China: Retail sales by type of outlet, 2006
Figure 54: Retail Sales by category of commodity, 2006
Figure 55: China: Top 100 retail chains, 2007
Figure 56: China: Leading retailers, 2006/07 and 2007/08
Food the basis for retail development
Figure 57: China: Leading food retailers, 2007
But discretionary spending also important
Figure 58: China: Leading electrical specialists, 2007
Foreign players increasing
Figure 59: China: Leading foreign retailers, 2007
 RETAILER MINI-PROFILES
Bailian (Shanghai Brilliance Group)
Figure 60: Shanghai Brilliance Group: Sales and outlet data, 2003-07
Shanghai Yibai
Shanghai Hualian
Shanghai Friendship Group
Figure 61: Lianhua: Financial data, 2003-07
DaShang Group
Figure 62: DaShang Group: Sales and outlet data, 2003-07
GOME Electrical Appliances
Figure 63: GOME Electrical Appliances: Group financial performance, 2004-07
Figure 64: GOME Electrical Appliances: Sales breakdown, 2007
Figure 65: GOME Electrical Appliances: Sales growth by product category, 2006-07
Figure 66: GOME Electrical Appliances: Outlets, 2004-07
Figure 67: Shanghai Yongle: Sales, 2003-06
RT Mart (Auchan)
Suning Home Appliances
Figure 68: Suning Home Appliances: Group financial performance and outlet data, 2003-07
Figure 69: Suning Home Appliances: Sales breakdown by product, 2006
Carrefour
Figure 70: Carrefour China: Sales, 2003-07
Figure 71: Carrefour China: Outlet data, 2003-07
China Resources Enterprise
Figure 72: China Resources Enterprise: Financial and outlet data, 2002-07
Beijing Hualian Group
Figure 73: Beijing Hualian: Sales, 2003-07
Shanghai NGS
Figure 74: Shanghai NGS: Sales, 2003-07
Wal-Mart China
Figure 75: Wal-Mart China: Sales and outlet data, 2002-07
Jiangsu Five Star Appliance (Best Buy)
Hymall (Tesco)
Wumart
Figure 76: Wumart: Sales data, 2003-07
Figure 77: Wumart: Outlet data, 2004-07
Chongqing General Trading
HONG KONG
Key facts
 THE HONG KONG RETAIL SCENE
Switch to Chinese rule
Chasing the dollar
Trading places
The US has sneezed, will HK get a cold?
Domestic bliss
 HONG KONG IN FIGURES
Population
Figure 78: Hong Kong: Population by gender, 2002-07
Figure 79: Hong Kong: Population by age and gender, 2007
Figure 80: Hong Kong: Household statistics, 1996, 2001 and 2007
Economy
Figure 81: Hong Kong: Gross domestic product, 1997-2007
Figure 82: Hong Kong: Consumer expenditure, 1997-2007
Figure 83: Hong Kong: Breakdown of household monthly expenditure 2000 and 2005
Figure 84: Hong Kong: Consumer prices, 1998-2007
 THE HONG KONG RETAIL MARKET
Figure 85: Hong Kong: Wholesale and retail trade, 2003-07
Figure 86: Hong Kong: Retail businesses and employment, 2002-06
Figure 87: Hong Kong: Identified leading retailers, 2006/07 and 2007/08
 RETAILER MINI-PROFILES
A.S. Watson Group
Watsons Your Personal Store
Nuance Watson
Fortress
PARKnSHOP
Others
Dairy Farm International
7-Eleven
Wellcome
Mannings
Other brands
Figure 88: Dairy Farm International: Outlet numbers by fascia, 2003-07
AEON Stores (Hong Kong) Co.
Broadway Photo Supply
Sa Sa International Holdings
Chow Sang Sang Holdings
Li & Fung Retailing
Convenience Retail Asia
Toys “R” Us Asia Ltd
China Resources Enterprise
Lane Crawford Joyce Group
Joyce Boutique Holdings
Figure 89: Joyce Boutique Holdings: Financial data, 2002/03-2007/08
Lane Crawford
Dickson Concepts (International)
Wing On
Figure 90: Wing On: Financial data, 2003-07
HMV
H&M
B&Q
INDIA
Key facts
 THE INDIAN RETAIL SCENE
From colony to democracy
Economic reform
Organising retail
Regional limitations
Foreign investment met with mixed views
Opportunity knocks
 INDIA IN FIGURES
Population
Figure 91: India: Population by gender, 2001
Figure 92: India: Population, 2001, 2006 and 2007/08
Figure 93: India: Population by age group, 2002-08
Figure 94: India: Projected Population by region, 2006 and 2008
Figure 95: India: Number of households, 2001
Economy
Figure 96: India: Gross domestic product, 1999-2007
Figure 97: India: Consumer price index, 2002-07
Figure 98: India: Consumer expenditure, 1999-2006
 THE INDIAN RETAIL MARKET
Figure 99: India: Estimated retail sales, 2003-07
Figure 100: India: Modern retail sales by category, 2005
Figure 101: India: Leading identified retailers, 2006/07 and 2007/08
 RETAILER MINI-PROFILES
Pantaloon Retail
Fashion:
Pantaloons
aLL
Blue Sky
Brand Factory
Central
Etam
Fashion Station
Lee Cooper
Shoe Factory
Top 10
Food:
Food Bazaar
Big Bazaar/Big Bazaar Wholesale Club
Home, Cultural & Electronics
Collection i
eZone
Home Town
Gen M
M Port
Depot
Figure 102: Pantaloon: Financial data, 2001/02-2006/07
Figure 103: Pantaloon: Turnover by segment, 2003/04-2005/06
Figure 104: Pantaloon: Outlet data, 2005/06 and 2008
Shoppers Stop
Shoppers Stop
Home Stop
Crossword
Mothercare
Hypercity
Figure 105: Shoppers Stop: Financial data, 2002/03-2007/08
Figure 106: Shoppers Stop: Outlet data, 2002-07
Figure 107: Shoppers Stop: Outlets by format, March 2007 and April 2008
Figure 108: Shoppers Stop: Merchandise mix, 2006/07
Subhiksha
Bata
Margin Free Markets (Consumer Protection & Guidance Society)
Vishal Retail Ltd
Trent Group
Westside
Star Bazaar
Landmark
Figure 109: Trent Ltd: Financial data, 2004/05-2007/08
RPG Retail
Spencer’s Retail
Figure 110: Spencers: Retail formats, 2008
Music World
Figure 111: Music World: Retail formats, 2007
Books and Beyond
RPG Cellucom
FoodWorld and Health & Glow (Dairy Farm International)
Foodworld
Health & Glow
Figure 112: Foodworld and Health & Glow: Outlet data, 2002-07
Landmark Group
Home Centre
Lifestyle
MAX
Spar
Splash
Trinethra/more. (Aditya Burla Group)
Nilgiris (Nilgiri Dairy Farm)
Viveks
Viveks
Jainsons
Apna Bazaar
Adani Retail
Piramyd Retail (Indiabulls Wholesale)
Pyramid (Indiabulls) Megastores
Trumart (Indiabulls Mart)
My Dollar Store
INDONESIA
Key facts
 THE INDONESIAN RETAIL SCENE
Independence from the Dutch
Worst hit by the Asian crisis
Natural and other disasters
Liberalisation of retail sector
Restrictions remain
 INDONESIA IN FIGURES
Population
Figure 113: Indonesia: Population, 1971, 1980, 1990, 2000, 2002, 2004 and 2006
Figure 114: Indonesia: Population by gender, 1998-2007
Figure 115: Indonesia: Population by age and gender, 2007
Economy
Figure 116: Indonesia: Gross domestic product, 2000-07
Figure 117: Indonesia: Inflation, 1996-2007
Figure 118: Indonesia: Consumer expenditure, 2000-07
 THE INDONESIAN RETAIL MARKET
Figure 119: Indonesia: Estimated retail sales, 2002-07
Figure 120: Indonesia: Identified leading retailers, 2006 and 2007
 RETAILER MINI-PROFILES
Matahari
Figure 121: Matahari: Financial data, 2003-07
Carrefour Indonesia
Figure 122: Carrefour Indonesia: Financial data, 2003-07
Figure 123: Carrefour Indonesia: Outlet data: 2003-07
Makro Indonesia
Figure 124: Makro: Outlet data, 2003-07
PT Hero
Figure 125: PT Hero: Financial data, 2002-07
Figure 126: PT Hero: Outlet data, 2003-07
Indomarco Prismatama (Indomaret)
Figure 127: Indomaret: Outlet data, 2003-07
Ramayana Lestari Sentosa
Figure 128: Ramayana Lestari Sentosa: Sales breakdown by product category, 2006
Figure 129: Ramayana Lestari Sentosa: Financial data, 2002-07
Alfa Retailindo
Figure 130: Alfa Retailindo: Financial data, 2003-07
Pt Mitra Adiperkasa Tbk
Figure 131: Pt Mitra Adiperkasa: Financial data, 2003-07
Figure 132: Pt Mitra Adiperkasa: Outlet data, 2005-07
Super Indo
Figure 133: Super Indo: Outlet data, 2002-07
Kimia Farma Apotek
Figure 134: Kimia Farma: Financial data, 2003-07
JAPAN
Key facts
 THE JAPANESE RETAIL SCENE
Down to earth with a bump
Uncertainty tainting the economy
Hostile marketplace
Foreign players
 JAPAN IN FIGURES
Population
Figure 135: Japan: Population by gender, 2002-07
Figure 136: Japan: Population by gender and age, 2007
Figure 137: Japan: Population by prefecture, 2007
Figure 138: Japan: Households by household size, 1995, 2000 and 2005
Economy
Figure 139: Japan: GDP at current and constant prices, 1996-2007
Figure 140: Japan: Inflation, 2001-07
Figure 141: Japan: Consumer expenditure, 1996-2007
Figure 142: Japan: Consumer expenditure, detailed breakdown, 2000-05
 THE JAPANESE RETAIL MARKET
Figure 143: Japan: Retail outlets and employees, 1994, 1997, 1999, 2002 and 2004
Figure 144: Japan: Retail outlets by number and type of employees, 2002 and 2004
Figure 145: Japan: Retail sales by major category, 2004-07
Figure 146: Japan: Retail sales by department stores and supermarkets, 2004-07
Figure 147: Japan: Department store outlets, sales and sales area, 1990-2006
Figure 148: Japan: Retail sales, employment and outlet data by sales channel, 2002-04
Figure 149: Japan: Identified leading retailers, 2006/07 and 2007/08
 RETAILER MINI-PROFILES
Aeon
Supermarkets
Specialist stores
Figure 150: Aeon: Financial data, 2002/03-2007/08
Figure 151: Aeon: Outlet data, 2003-07
Seven & I Holdings Co., Ltd
Figure 152: Seven & I Holdings: Financial performance, 2005/06-2007/08
Convenience operations
Superstore operations
Department store operations
Figure 153: Seven & I Holdings: Store network, 2007
Figure 154: Seven & I Holdings: Financial performance by division, 2002/03-2007/08
Yamada-Denki Co. Ltd
Figure 155: Yamada-Denki: Financial data, 2002/03-2007/08
Figure 156: Yamada-Denki: Outlet data, 2003-07
Figure 157: Yamada-Denki: Sales breakdown, 2007
Lawson
Figure 158: Lawson: Financial data, 2003/03-2007/08
Figure 159: Lawson: Sales by product category, 2007/08
Figure 160: Lawson: Outlet data, 2003-08
Uny
Figure 161: Uny: Financial data, 2002/03-2007/08
Figure 162: Uny: Sales breakdown by format, 2007/08
Daiei
Figure 163: Daiei: Financial data, 2002/03-2007/08
Figure 164: Daiei: Outlet data, 2001-07
FamilyMart
Figure 165: FamilyMart: Financial data, 2002/03-2007/08
Figure 166: FamilyMart: Outlet data, 2003-08
Seiyu
Figure 167: Seiyu: Financial data, 2002/03-2007
Figure 168: Seiyu: Sales by category, 2007
Figure 169: Seiyu: Outlet data, 2003-2007
Takashimaya
Figure 170: Takashimaya: Financial data, 2002/03-2007/08
Figure 171: Takashimaya: Outlet data, 2002-07
Figure 172: Takashimaya: Sales by product category, 2006
Daimaru
Figure 173: Daimaru: Financial data, 2002/03-2007/08
Figure 174: Daimaru: Sales by category, 2006/07
Figure 175: Daimaru: Outlet data, 2003-2007
Mitsukoshi
Figure 176: Mitsukoshi: Financial data, 2002/03-2007/08
Figure 177: Mitsukoshi: Outlet data, 2002-07
Tesco Japan
Figure 178: Tesco Japan: Financial data, 2005/06-2007/08
Figure 179: Tesco Japan: Outlet data, 2006-08
MALAYSIA
Key facts
 THE MALAYSIAN RETAIL SCENE
Privatisation kick-start to the economy
Not all plain sailing
Poverty amongst the minority…or is it?
Foreign investment, greater security
 MALAYSIA IN FIGURES
Population
Figure 180: Malaysia: Estimated population by gender, 1996-2007
Figure 181: Malaysia: Population by age group, 2003-07
Economy
Figure 182: Malaysia: Gross domestic product, 2000-07
Figure 183: Malaysia: Consumer expenditure, 1995-2006
Figure 184: Malaysia: Household expenditure, by major product category, 2002-06
Figure 185: Malaysia: Inflation 1996-2007
 THE MALAYSIAN RETAIL MARKET
Figure 186: Malaysia: Estimated retail sales, 2000-07
Figure 187: Malaysia: Identified leading retailers, 2006/07-2007/08
 RETAILER MINI-PROFILES
Dairy Farm International
Giant
Cold Storage
Guardian
Figure 188: Dairy Farm Malaysia: Estimated retail sales, 2003-07
Figure 189: Dairy Farm: Outlet trends, 2002-07
Aeon Co. (M) Bhd
Figure 190: Aeon Co. (M) Bhd: Financial data, 2003-07
The Store Corporation Bhd
The Store Group
Pacific Hypermarket
Parkson Corporation Sdn Bhd
Tesco Stores
Figure 191: Tesco Malaysia: Financial data, 2004/05-2006/07
Carrefour Malaysia
Figure 192: Carrefour Malaysia: Financial data, 2003-07
Courts Mammoth
Figure 193: Courts Mammoth: Financial data, 2002-07
Senheng Electric
Figure 194: Senheng Electric: Financial data, 2005-07
Poh Kong Jewellers Group
Figure 195: Poh Kong Jewellers: Financial data, 2003/04-200/07
Metrojaya
Living Quarters
Somerset Bay
East India
Reject Shop
Figure 196: Metrojaya: Financial data, 2001/02-2006/07
Ayamas
IKEA
NEW ZEALAND
Key facts
 THE NEW ZEALAND RETAIL SCENE
British influence wanes
Economic reforms
From wool to wine
Gathering storm clouds
 NEW ZEALAND IN FIGURES
Population
Figure 197: New Zealand: Population trends, 2003-07
Figure 198: New Zealand: Population, by age group and gender, 2006 and 2007
Figure 199: New Zealand: Population by major regions, 2004-06
Economy
Figure 200: New Zealand: Gross domestic product, 2001-07
Figure 201: New Zealand: Detailed breakdown of consumer expenditure, 2001, 2004 and 2007
Figure 202: New Zealand: Inflation, 2003-07
 THE NEW ZEALAND RETAIL MARKET
Figure 203: New Zealand: Retail enterprises and outlets by sector, 2005-07
Figure 204: New Zealand: Retail employment by sector, 2005-07
Figure 205: New Zealand: Retail sales, 2004-08
Figure 206: New Zealand: Identified leading retailers, 2006/07 and 2007/08
 RETAILER MINI-PROFILES
Foodstuffs
Figure 207: Foodstuffs: Outlet numbers by region, July 2007
Progressive Enterprises
Figure 208: Progressive Enterprises: Financial data, 2002/03-2006/07
The Warehouse
Figure 209: The Warehouse NZ: Financial data, 2002/03-2006/07
Figure 210: The Warehouse NZ: Outlet data, 2002/03-2006/07
Farmers Trading Co.
Harvey Norman
Figure 211: Harvey Norman NZ: Financial and outlet data, 2002/03-2006/07
Briscoe Group
Figure 212: Briscoe Group: Financial data, 2003/04-2007/08
Figure 213: Briscoe Group: Outlet data, 2003/04-2007/08
Smiths City
Figure 214: Smiths City: Financial data, 2002/03-2006/07
Hallenstein Glasson Holdings
Figure 215: Hallenstein Glasson Holdings NZ: Financial and outlet data, 2002/03-2006/07
THE PHILIPPINES
Key facts
 THE PHILIPPINES RETAIL SCENE
Economic boom following independence
Political and economic instability
New government launches reform
Asian economic crisis leads to further reforms
2000 Retail Liberalisation Act
Overseas workers boost retail spending
 THE PHILIPPINES IN FIGURES
Population
Figure 216: Philippines: Population trends, 2003-08
Figure 217: Philippines: Population by age and gender, 2005
Figure 218: Philippines: Population by major region, 2007
Economy
Figure 219: Philippines: Gross domestic product, 2001-07
Figure 220: Philippines: Consumer expenditure, 2000-07
Figure 221: Philippines: Inflation, 2004-07
 THE PHILIPPINES RETAIL MARKET
Figure 222: Philippines: Retail enterprises, 2001, 2003 and 2005
Figure 223: Philippines: Retail employment, 2001, 2003 and 2005
Figure 224: Philippines: Estimated retail sales, 2003-07
Figure 225: Philippines: Leading identified retailers, 2007
 RETAILER MINI-PROFILES
SM Shoemart
Performance
Domestic and overseas outlets
Expansion programme
Joint-ventures
Mercury Drug
Figure 226: Mercury Drug: Sales data, 2002-07
Robinsons Retail Group
Figure 227: Robinsons Retail Group: Outlet data, 2007
Rustan Group
Figure 228: Rustan Group: Outlet data, 2007
Gaisano (Vicsal Development Corporation)
Benison Group
The Landmark Corporation
National Bookstore
Semicon
SINGAPORE
Key facts
 THE SINGAPOREAN RETAIL SCENE
Early adoption of the free market
Economy based on exports
Strong consumer confidence
Retail sector boom
Luxury proving popular
 SINGAPORE IN FIGURES
Population
Figure 229: Singapore: Population by gender, 1997-2007
Figure 230: Singapore: Population of Singapore residents by age and gender, 2007
Economy
Figure 231: Singapore: Gross domestic product, 2000-07
Figure 232: Singapore: Consumer spending, 2003-07
Figure 233: Singapore: Consumer expenditure breakdown, current prices, 2003-07
Figure 234: Singapore: Inflation, 2002-07
 THE SINGAPOREAN RETAIL MARKET
Figure 235: Singapore: Retail sales, 2002-07
Figure 236: Singapore: Retail businesses and employees, 2004 and 2005
Figure 237: Singapore: Identified leading retailers, 2006/07 and 2007/08
 RETAILER MINI-PROFILES
Dairy Farm International
Giant
Cold Storage/Shop N Save/Jasons
7-Eleven
Guardian
Figure 238: Dairy Farm: Outlet data, 2003-07
NTUC FairPrice Co-operative
Figure 239: NTUC FairPrice Cooperative financial data, 2005/06-2007/08
Takashimaya
Pertama Holdings (Harvey Norman)
Figure 240: Pertama Holdings, Financial data, 2002/03-2006/07
Robinsons
Figure 241: Robinsons: Financial data, 2002/03-2006/07
Isetan
Figure 242: Isetan Singapore: Financial data, 2003-07
Courts
Figure 243: Courts Singapore: Financial data, 2003/04-2007/08
Best Denki
Carrefour
CK Tang
Figure 244: CK Tang: Financial data, 2003/04-2007/08
Metro
Figure 245: Metro Holdings: Financial data, 2003/04-2007/08
IKEA
SOUTH KOREA
Key facts
 THE SOUTH KOREAN RETAIL SCENE
Tale of two Koreas
Transition towards service economy
Liberalisation of retail sector
Trend towards consolidation
 SOUTH KOREA IN FIGURES
Population
Figure 246: South Korea: Population trends, 1996-2007
South Korea’s population
Figure 247: South Korea: Population by age group, 2002-07
Economy
Figure 248: South Korea: Gross domestic product, 1998-2007
Figure 249: South Korea: Consumer expenditure, current and constant prices, 1998-2007
Figure 250: South Korea: Consumer expenditure by category, 2002-07
Figure 251: South Korea: Inflation, 1996-2007
 THE SOUTH KOREAN RETAIL MARKET
Figure 252: South Korea: Retail enterprises, 2002-06
Figure 253: South Korea: Retail employment, 2002-06
Figure 254: South Korea: Wholesale and retail sales, 2005-07
Figure 255: South Korea: Identified leading retailers, 2006 and 2007
 RETAILER MINI-PROFILES
Lotte Shopping (Lotte Group)
Figure 256: Lotte Shopping: Financial data, 2002-07
Figure 257: Lotte Shopping: Outlet data, 2003-07
Shinsegae
Figure 258: Shinsegae: Financial data, 2003-07
Homeplus (Tesco)
Figure 259: Tesco Homeplus: Financial data, 2002-07
Figure 260: Tesco Homeplus: Outlet data, 2002-07
GS Retail
Figure 261: GS Retail: Financial data, 2003-07
E.land Group
Himart
Hyundai Department Stores
Figure 262: Hyundai: Financial data, 2003-07
Hanaro Club
Hanwha Stores Co.
TAIWAN
Key facts
 THE TAIWANESE RETAIL SCENE
Taiwan breaks away from China
Export-driven economy
Asian crisis followed by credit card crisis
Mature retail market
Technological advances
 TAIWAN IN FIGURES
Population
Figure 263: Taiwan: Population by gender, 1999-2007
Figure 264: Taiwan: Population by age group, 2007
Figure 265: Taiwan: Households, 1999-2006
Economy
Figure 266: Taiwan: Gross domestic product, 1998-2007
Figure 267: Taiwan: Consumer expenditure, 1998-2007
Figure 268: Taiwan: Private final consumption expenditure, 2001-06
Figure 269: Taiwan: Inflation, 1996-2007
 THE TAIWANESE RETAIL MARKET
Figure 270: Taiwan: Retail sales by major category, 2002-07
Figure 271: Taiwan: Identified leading retailers, 2006-07
 RETAILER MINI PROFILES
President Chain Store Corporation (PCSC)
Figure 272: PCSC: Financial and outlet data, 2005-07
Far Eastern Group
Shin Kong Mitsukoshi Department Store Co. Ltd
Presicarre Corp
Figure 273: Presicarre Corp: Financial and outlet data, 2003-07
RT-Mart International Ltd
Taiwan FamilyMart Co., Ltd
Figure 274: Taiwan FamilyMart: Financial and outlet data, 2003-07
Figure 275: Taiwan Family Mart: Sales breakdown by product category, 2007
Tsann Kuen Enterprise Co Ltd
Pxmart
Hi-Life International Co Ltd
Figure 276: Hi-Life: Financial and outlet data, 2002-06
Dairy Farm International
Test Rite
AS Watson
THAILAND
Key facts
 THE THAI RETAIL SCENE
New kid on the block
Exports driving growth
Political uncertainty making everyone cautious
Changing the retail landscape
Big no longer beautiful?
 THAILAND IN FIGURES
Population
Figure 277: Thailand: Population by gender, 2002-07
Figure 278: Thailand: Population breakdown and household numbers by major regions, 2006
Figure 279: Thailand: Population by age and gender, 2006
Economy
Figure 280: Thailand: Gross domestic product, 1999-2007
Figure 281: Thailand: Consumer expenditure, 1999-2007
Figure 282: Thailand: Detailed breakdown of private consumer expenditure, 2003-07
Figure 283: Thailand: Inflation, 2002-07
 THE THAI RETAIL MARKET
Figure 284: Thailand: Retail sales, 2003-07
Figure 285: Thailand: Retail outlets and employment, 2003 and 2005
Figure 286: Thailand: Retail units, 2006
Figure 287: Thailand: Foreign-owned retail outlets by type, 2004 and 2005
Figure 288: Thailand: Identified leading retailers, 2006/07 and 2007/08
 RETAILER MINI-PROFILES
Tesco Lotus
Figure 289: Tesco Lotus: Financial data, 2003-07
Figure 290: Tesco Lotus: Outlet data, 2003-07
Figure 291: Tesco Lotus: Outlets by format, 2007
7-Eleven
Figure 292: C.P. Seven-Eleven: Financial data, 2003-07
Figure 293: C.P. Seven-Eleven: Outlet data, 2003-07
Central Retail Corporation
Figure 294: Central Retail Corporation: Financial data, 2003-07
Central Department Stores
Zen Department Store
Robinsons
TOPS Supermarkets
Power Buy
B2S
Super Sports
HomeWorks
Big C
Figure 295: Big C: Financial data, 2002-07
Figure 296: Big C: Sales by product category, 2007
Figure 297: Big C: Outlet data, 2002-07
Siam Makro
Figure 298: Siam Makro: Financial data, 2003-07
Figure 299: Siam Makro: Outlet data, 2003-07
The Mall Group
CenCar (Carrefour)
Figure 300: Carrefour: Financial data, 2003-07
Figure 301: Carrefour: Outlet data, 2003-07
Siam Jusco
A.S. Watson
FamilyMart
Figure 302: FamilyMart: Financial data, 2005/06-2007/08
Figure 303: FamilyMart: Outlet data, 2002/03-2006/07
Jiffy
Alliance Boots
Figure 304: Boots Thailand: Outlet data, 2003-07
Foodland